Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yonnie3

(17,444 posts)
Wed Sep 5, 2018, 09:38 AM Sep 2018

US trade deficit jumps by the most in 3 years

Source: CNBC

Published 53 Mins Ago Updated 36 Mins Ago Reuters

The U.S. trade deficit increased to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting that trade could be a drag on economic growth in the third quarter.

The increase was the biggest monthly widening since 2015.

The Commerce Department said on Wednesday the trade gap jumped 9.5 percent to $50.1 billion, widening for a second straight month. Data for June was revised to show the trade deficit rising to $45.7 billion, instead of the previously reported $46.3 billion.

The politically sensitive goods trade deficit with China surged 10 percent to a record $36.8 billion.

<snip>

Read more: https://www.cnbc.com/2018/09/05/us-trade-deficit-jumps-by-the-most-in-3-years.html



So much winning.
21 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
US trade deficit jumps by the most in 3 years (Original Post) Yonnie3 Sep 2018 OP
Hey, Trump's trade wars are effective... SunSeeker Sep 2018 #1
Putinomics ananda Sep 2018 #7
What drumpf says "is" actually "isn't". democratisphere Sep 2018 #2
Oh that's OK,Trump will keep writing welfare checks to farmers and other Corporations....... Bengus81 Sep 2018 #3
So I guess destroying foreign grain markets and bankrupting farmers Farmer-Rick Sep 2018 #4
Except it's not happening OnlinePoker Sep 2018 #9
Well, OK, so it is all a scam. Farmer-Rick Sep 2018 #10
I'm not hearing the wheat farmers in Kansas bitch that much,it's the beans......... Bengus81 Sep 2018 #18
Exactly. OnlinePoker Sep 2018 #19
U.S. International Trade in Goods and Services, July 2018 mahatmakanejeeves Sep 2018 #5
Thanks for the graphics. Yonnie3 Sep 2018 #6
"I am not going to link to his tweets any more." mahatmakanejeeves Sep 2018 #8
I like the links to the tweets keithbvadu2 Sep 2018 #12
45's Tweets are readily available Yonnie3 Sep 2018 #15
I don't have a twitter account keithbvadu2 Sep 2018 #16
They are available with no account. N/T Yonnie3 Sep 2018 #17
Neither do I, am I'm not about to start. NT mahatmakanejeeves Sep 2018 #21
Is the crap Donnie spews on FOX newsworthy?? I see all those articles and links on here..... Bengus81 Sep 2018 #20
Observe! pazzyanne Sep 2018 #11
But...but...but..."Winning"? NM Grins Sep 2018 #13
Did they somehow think the trade deficit would go down if we can't sell our stuff overseas? BumRushDaShow Sep 2018 #14

Bengus81

(6,931 posts)
3. Oh that's OK,Trump will keep writing welfare checks to farmers and other Corporations.......
Wed Sep 5, 2018, 09:45 AM
Sep 2018

for his massive bungling and pissing match trade war.

Farmer-Rick

(10,192 posts)
4. So I guess destroying foreign grain markets and bankrupting farmers
Wed Sep 5, 2018, 09:48 AM
Sep 2018

Really didn't do anything to improve the economy.

OnlinePoker

(5,723 posts)
9. Except it's not happening
Wed Sep 5, 2018, 10:12 AM
Sep 2018

Forecast exports of wheat have been increased by 2 million MT and corn by 2.5 million MT this year according to the USDA's Foreign Agriculture Service August update.

Farmer-Rick

(10,192 posts)
10. Well, OK, so it is all a scam.
Wed Sep 5, 2018, 10:24 AM
Sep 2018

What about all those reports of lost grain markets to China? Lost pork sales?

Bengus81

(6,931 posts)
18. I'm not hearing the wheat farmers in Kansas bitch that much,it's the beans.........
Wed Sep 5, 2018, 11:57 AM
Sep 2018

Maybe because China doesn't import that much or it's such a world wide market they can sell elsewhere?? Corn could be going for ethanol depending on the type.

But hey...if things are that good then why do farmers need welfare checks??

OnlinePoker

(5,723 posts)
19. Exactly.
Wed Sep 5, 2018, 12:02 PM
Sep 2018

One of the issues Trump has with Canada is our high dairy tariffs being unfair to U.S. producers because they can't sell their surplus product here. But the U.S. subsidizes the farmers by 40% which has caused massive over-production. Canada also has no growth hormones or antibiotics in our dairy products and don't want to have that forced on us since it's allowed in the States.

mahatmakanejeeves

(57,516 posts)
5. U.S. International Trade in Goods and Services, July 2018
Wed Sep 5, 2018, 09:52 AM
Sep 2018

Thanks, Yonnie3.

From the Bureau of Economic Analysis:

U.S. International Trade in Goods and Services, July 2018

The U.S. monthly international trade deficit increased in July 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.7 billion in June (revised) to $50.1 billion in July, as exports decreased and imports increased. The previously published June deficit was $46.3 billion. The goods deficit increased $4.2 billion in July to $73.1 billion. The services surplus decreased $0.1 billion in July to $23.1 billion.

Yonnie3

(17,444 posts)
6. Thanks for the graphics.
Wed Sep 5, 2018, 09:58 AM
Sep 2018

There is a definite trend there. I've read that the recent dip was caused by transactions rushed to avoid the tariffs.

Meanwhile 45 tweets:

"The Trump Economy is booming with help of House and Senate GOP. #FarmBill with SNAP work requirements will bolster farmers and get America back to work. Pass the Farm Bill with SNAP work requirements!"

I am not going to link to his tweets any more.

mahatmakanejeeves

(57,516 posts)
8. "I am not going to link to his tweets any more."
Wed Sep 5, 2018, 10:01 AM
Sep 2018

I wish that were a policy at DU, because rerunning them here contributes nothing. Instead, they are treated as if they are newsworthy.

You're welcome for the chart, and good morning to you.

keithbvadu2

(36,835 posts)
12. I like the links to the tweets
Wed Sep 5, 2018, 10:50 AM
Sep 2018

They provide backup for the info when I can use it in other forums.

The tweets often contain other images and info.

Bengus81

(6,931 posts)
20. Is the crap Donnie spews on FOX newsworthy?? I see all those articles and links on here.....
Wed Sep 5, 2018, 12:02 PM
Sep 2018

As if Steve Duchebage is some sort of reporter asking Trump the tough questions.......

pazzyanne

(6,556 posts)
11. Observe!
Wed Sep 5, 2018, 10:24 AM
Sep 2018

The "Master of the Deal" in actions with the resulting "winning". Don't know about you, but I am fricken tired of all the winning!

Latest Discussions»Latest Breaking News»US trade deficit jumps by...